CarDekho posts 81% revenue growth in FY22

Jaipur: Country's leading auto-tech group CarDekho registered 81% growth in consolidated revenue, which went from Rs 884 crore in financial year 2021 to Rs 1,598 crore in FY22. The group narrowed its losses by 28% to Rs 246 crore from Rs 341 crore in FY21. Total expenses of the group increased by 70% signifying a strong operating leverage. There was also an exceptional item towards recognition of mark-to market value due to conversion of a subsidiary into an associate company.
Amit Jain, co-founder and CEO, CarDekho Group, said, “We derive strength from our unwavering customer centricity. CarDekho Group benefits from its ecosystem play built on robust tech-stack with offerings designed around addressing specific needs of the consumers around mobility.”
Jain said the stellar business growth is a testament to the trust reposed in CarDekho Group by over 50 million visitors, over 5,000 used car loan agent partners, more than 50,000 insurance partners in over 1300 cities, over 3,500 used car dealers. tnn